About 4,70,520 tonnes were exported and in dollar terms the value fetched was $11.68 billion (Rs 5,300.25 crore), Spices Board chairman V J Kurien told reporters in Kochi. During the previous fiscal, 444,250 tonnes valued at $11.01 billion (Rs 4,435.50 crore) were exported.
India plans to launch electronic auction of spices by July this year as part of efforts by the Spices Board to make the country a global hub for processing and marketing of spices.
Spices export increased close to 50 percent during April-August period. India exported US$421.16 million worth spices during this period while it was only US$ 280.71 million in same time last year.
Currently, the country is handling 44 per cent of world's total spices business quantity wise, and 35 per cent in value terms.
The Cochin International Airport Ltd is undergoing expansion at a cost of Rs 3,500 crore (Rs 35 billion), which when completed would allow it to receive the world's largest aircraft, Airbus A380, a top CIAL executive said on Thursday.
Kerala chief minister will inaugurate CIAL's green initiative.
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